Dominica vs Norway: Economic Indicators Comparison

Norway with a GDP of $434.2B ranked the 30th largest economy in the world, while Dominica ranked 189th with $550.9M. By GDP 5-years average growth and GDP per capita, Norway and Dominica ranked 142nd vs 177th and 5th vs 87th, respectively.

Gross Domestic Product & Income

StatDominicaNorway
GDP$550.9M$434.2B
GDP growth, 1 year-12%1.4%
GDP growth, 5-years average-2.8%1.7%
Population74k5.4M
GDP per capita$7.7k$82k
GDP per capita growth2.03%0.58%
Purchasing Power Parity conversion factor1.8710.14
Price level ratio of PPP conversion factor GDP to market exchange rate0.691.25
GDP per capita, PPP adjusted$9.9k$74k
GNI, Atlas method$508.1M$428.4B
GNI per capita$7.1k$81k
GNI, PPP adjusted$735.4M$363B
GNI per capita, PPP adjusted$10k$68k

Financial system and Human development

StatDominicaNorway
Income Tax Rate35%47.8%
Corporate Tax Rate30%22%
Inflation, consumer prices1.4%2.8%
Inflation, GDP deflator3.6%5.8%
Unemployment0%3.9%
Economic Freedom Index60.873.4
Personal Freedom Index6.19.55
Human Freedom Index6.18.61
Property Rights Index59.884.3
Judical Effectiveness Index62.682.8
Business Freedom Index70.486.1
Fiscal Health Index86.297.3
Labor Freedom Index60.757.4
Investment Freedom Index7075
Financial Freedom Index3060
Trade Freedom Index68.483.8
Monetary Freedom Index83.574.8
Government Spending Index1625.6
Tax Burden Index70.557.7
Government Integrity Index51.295.6
Corruption Perceptions Index5784
Life expectancy at birth, years76.682.5
Suicide mortality rate, per 100,000 people212.2
Mortality caused by road traffic injury, per 100,000 people10.92.7
Intentional homicides, per 100,000 people25.70.5
International tourism, number of arrivals63k5.7M

Government debt & reserves

StatDominicaNorway
Central government debt, % of GDP83.1%36.8%
External debt stocks, % of GNI55.3%N/A
External debt stocks$279.2MN/A
Short-term debt, % of total reserves6.9%N/A
Total debt service, % of exports and primary income16.5%N/A
Adjusted net savings including particulate emission damage, % of GNIN/A16.9%
Gross savings, % of GDPN/A35.9%
Gross capital formation, % of GDPN/A27.3%
Total reserves including gold$191.3M$63.1B
Foreign direct investment net inflows$13.3M-$17.4B

Exports, imports and economic structure

StatDominicaNorway
Exports of goods and services, % of GDP42.9%38.4%
Imports of goods and services, % of GDP65.1%32.6%
Current account balance (balance of payments)-$225.1M$31.4B
Revenue excluding grants, % of GDPN/A47.4%
Grants excluding technical cooperation, BoP$28.3MN/A
Personal remittances received$49.2M$644.3M
Industry including construction value added, % of GDP15.8%32%
Agriculture, forestry and fishing value added, % of GDP11.1%1.9%
Charges for the use of intellectual property, payments BoP$662k$768.9M
Charges for the use of intellectual property, receipts BoP$119$515.2M
Expense, % of GDPN/A37.7%
Government Expenditure, % of GDP52.9%49.8%

Compare with countries close by GDP per capita

Dominica vs

CountryGDP
per capita
Population
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18.3M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Turkey
$9.4k
82M
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M

Norway vs

CountryGDP
per capita
Population
Monaco
$186k
38.7k
Liechtenstein
$165k
37.9k
Luxembourg
$117k
626k
Switzerland
$83k
8.47M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.64M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k